USA: State of the Union 2010

2010:State of the Union
Position: 7million unemployed, income of avg household declined, cost of healthcare & tution reached rercord heights, prosperity was build on housing bubble & financial speculation. History:
2000 - Budget Surplus $200B;
2009 - 1 year deficit of $1Trillion & projected deficit of $8Trillion over the next decade; coz of not paying for 2 wars, 2 tax cuts & expensive prescription drug program. On top of that the effect of recession put a $3Trillion hole in our budget. This is b4 Obama walks in. Obama's effort to prevent a second depression have added another $1Trillion.
America faces deficit of trust.

-Small biz & Entrepreneurs:
Financing - Take $30B Wall Street banks repaid(Recovery Act) & use it to help community banks give small biz the credit they need.
Tax Credit - To 1M small biz who hire new workers or raise wages.
Tax Cut - Eliminate all capital gain taxes on biz investments such as new plant & equiptment.

-Infrastructure:
Put Americans to work today building the infrastructure of tomorrows. {wrong plan creating income building unnecessary infrastructure}
HighSpeed Railroad, Clean Energy Facilities.
Give Rebates to energy efficient homes & encourage clean energy jobs.

-Jobs Bill:
Slash Tax cuts to companies who outsource.
Increase Tax cuts to companies that create jobs in America.

-Financial Reform:
Transparency for consumers n middle class families to make better financial decision.

-Energy & Climate:
Encourage Innovation in clean energy.
Build new generation of nuclear power plant.
Making tough decisions about opening new offshore areas for Oil & Gas development.(ie Discourage oil & gas energy).
Invest in advanced bio fuels & clean coal tech.

-Reform Export:
Target to double export in 5 years, it will support 2M jobs: Launching National export initiative that will help farmers n biz increase their export.    Seek new markets agressively.

-Renew Elementary & Secondary Education Act:
Improve Schools. Encourage maths n science. In 21st century best anti-poverty program around is World class education.{so now Prez is talkin about anti-poverty}.
Revitalise community colleges. Encourage college student loans.

-Healthcare Reforms:
Reduce cost, better insurance.

Support Reforms:
Reforms will bring down the deficit by about $1Trillion over next two decades. Problem is real, more people are loosing their health insurance, deficit will grow, premiums will go up, patients will be denied the care they need, small biz will suffer.

Steps(for $1Trillion):
-Freeze Govt. spending for 3yrs  (except:nat security, medicare, mediking, social security). If needed will impose this disclipline through Veto.
-Supreme Court opened the flood gates for special interest including foreign corporates to spend without limit in our election. Reverse this problem congress.
-Continue down the path of Year Mark reform: Accounts to be published online, so that public knows how the money is being spent.